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Economics

AI prompts for senior secondary learners.

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274 prompts matching "Assuming a firm should shut down as soon as it begins to make a loss"

Practice set: Why a firm selling a good with inelastic demand raises total revenue when it raises price

Set me five practice tasks on why a firm selling a good with inelastic demand raises total

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Real-life Nigeria: Plotting total revenue against output for a firm facing a downward-sloping demand curve

Take plotting total revenue against output for a firm facing a downward-sloping demand cur

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Project task: Calculating PED for five price and quantity pairs - kerosene

Give me a practical task on calculating PED for five price and quantity pairs - kerosene f

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Practice set: Why small firms in Nigeria find it difficult to obtain long-term finance

Set me five practice tasks on why small firms in Nigeria find it difficult to obtain long-

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Real-life Nigeria: Building a five-item class basket

Show me how building a five-item class basket works in real life in Nigeria. Use one concr

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Practice set: Each pair is assigned a country, forecasts its inflation rate for next year from published data

Give me a practice set on each pair is assigned a country, forecasts its inflation rate fo

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Let me explain: The output, income and expenditure methods of measurement

Let me talk you through the output, income and expenditure methods of measurement from the

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Spot my mistake: Four limitations of GDP per head as a measure of living standards

Show me a worked example on four limitations of GDP per head as a measure of living standa

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Real-life Nigeria: Costing a conditional cash transfer for one million households at a stated monthly rate

Show me how costing a conditional cash transfer for one million households at a stated mon

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Quiz: Constructing the meaning of elasticity of demand

Quiz me on constructing the meaning of elasticity of demand, from the SS2 Economics topic

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Let me explain: Interpreting PED values as elastic, inelastic or unitary

Act as my study partner. I will teach you interpreting PED values as elastic, inelastic or

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Spot my mistake: Calculating cross elasticity and income elasticity for a given set of data

Show me a worked example on calculating cross elasticity and income elasticity for a given

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Real-life Nigeria: Cross-elasticity exercise using rice and garri, then petrol and cars

Show me how cross-elasticity exercise using rice and garri, then petrol and cars works in

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Project task: Timed drill on past examination questions on cross elasticity of demand taken from the school

Set me a small project on timed drill on past examination questions on cross elasticity of

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Real-life Nigeria: Pair task identifying the unit at which marginal utility becomes zero

Take pair task identifying the unit at which marginal utility becomes zero out of the text

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Spot my mistake: How price elasticity of demand and of supply determine the split of the burden between consumer

Give me a wrong or muddled explanation of how price elasticity of demand and of supply det

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Real-life Nigeria: Same diagram is redrawn with an inelastic demand curve

Take same diagram is redrawn with an inelastic demand curve out of the textbook. Describe

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Real-life Nigeria: Sorting task classifying twelve items - cash

Show me how sorting task classifying twelve items - cash works in real life in Nigeria. Us

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Real-life Nigeria: Calculation of the deficit as a percentage of total expenditure

Take calculation of the deficit as a percentage of total expenditure out of the textbook.

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Spot my mistake: Calculating the budget deficit and express it as a percentage of total expenditure

Show me a worked example on calculating the budget deficit and express it as a percentage

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